Quote from: lkjhg on May 31, 2023, 01:41:58 PM

Quote from: aksplace on May 30, 2023, 11:42:55 PM

We must be aware that the price of bitcoin is volatile which creates price uncertainty under any circumstances, so a price correction now is an opportunity to increase investment, we have many options to buy Bitcoin and top altcoins to add to our portfolio, so avoid panic because a price correction in the crypto market does not make it's anyone's loss to stay holding on to BTC until the bullish season comes.

correction is an opportunity so why worry if the Bitcoin price corrects from $ 30k?,
the halving is still 1 year away, to be precise, maybe in Q2 2024,
so it's better to focus on adding to the portfolio because we are still in the accumulation zone of Bitcoin price action.

I think that's the point, if the price goes down a lot there are people who do not take advantage of that but instead sell. I never truly understood the mindset, if the logic is to sell before it goes down even more, then just wait for it to go down even more before you do that, you could sell if it keeps going down. I am not saying sell when it's even lower, I am saying just wait until it's lowering, if it goes from 28k to 26k, there is no logic in selling at 26, it's already there, you are already too late.

So instead people should be putting a stop loss order even lower, like 25.5 for example that means you are not too late, because if you sell at 26k then you will not see if it will go down even more or not, but if you put a stop loss at least you guarantee yourself you won't get any worse.